Peru

Government plans listing of SOEs


Published

The Peruvian government has hinted that they may be close to listing a number of state owned companies on the Lima Stock Exchange (BVL) in the near future. The news was published on the state owned ANDINA news agency website. The full statement is as follows:

“The Peruvian government is considering various options for listing several state-owned enterprises on the Lima Stock Exchange (BVL) soon, the Ministry of Economy and Finance said Thursday.

Deputy Minister of Economy, Laura Calderon, said new forms of private participation in state-owned enterprises are being examined to reduce the infrastructure gap and improve their services.

“We also aim to provide better financing options for various investment projects,” she said at the Second Meeting of the Latin American Network on Corporate Governance of State-Owned Enterprises (SOE).

Calderon added that the Peruvian State is looking to improve the institutional framework for SOEs in accordance with the principles of good corporate governance, through higher standards of transparency and corporate governance.

“This framework has established market criteria for appointing independent directors and external auditors, as well as dispute settlement mechanisms and the listing of the equity capital of these companies on the BVL,” she said.

Calderon stressed that the latter issue is very relevant to the current Peruvian situation because the government is mulling options to list several state-owned companies on the BVL, ensuring good corporate governance practices.”

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